Covers three areas
Explains the delay in announcing Galoc agreement - as expected, sixth partner wants to see signed originals. Should happen shortly.
Announces that, as speculated, the big fish is Vitol.
Explains that Nido has applied for additional acreage but indicates that approvals have not yet been received. Reading between the lines here I think it will be approved and in the near term.
All good stuff imo and while no mention of the lifting of the trading halt, I expect it will trade on open tomorrow.
Cheers
Badfish
status report out!! - n/c, page-3
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